Nan Shan Life Insurance Co. Ltd. Has $55.43 Million Position in Analog Devices, Inc. $ADI

Nan Shan Life Insurance Co. Ltd. increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,828 shares of the semiconductor company’s stock after buying an additional 46,779 shares during the period. Analog Devices accounts for approximately 1.3% of Nan Shan Life Insurance Co. Ltd.’s investment portfolio, making the stock its 20th biggest holding. Nan Shan Life Insurance Co. Ltd. owned about 0.06% of Analog Devices worth $55,425,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Analog Devices by 25,460.1% in the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company’s stock valued at $446,037,000 after acquiring an additional 2,203,062 shares in the last quarter. Nuveen LLC bought a new position in Analog Devices in the 1st quarter valued at about $351,943,000. Kovitz Investment Group Partners LLC lifted its position in shares of Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company’s stock worth $335,933,000 after buying an additional 1,186,981 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company’s stock worth $458,683,000 after buying an additional 896,694 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Analog Devices by 25.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company’s stock worth $708,260,000 after buying an additional 668,023 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director owned 167,571 shares in the company, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADI. Benchmark restated a “buy” rating and set a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Seaport Res Ptn upgraded shares of Analog Devices from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. KeyCorp lifted their price objective on shares of Analog Devices from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Morgan Stanley reduced their price target on shares of Analog Devices from $214.00 to $212.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Finally, Barclays boosted their price target on shares of Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $258.89.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $231.55 on Tuesday. The firm has a fifty day moving average price of $233.77 and a 200-day moving average price of $216.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The stock has a market cap of $114.91 billion, a PE ratio of 63.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.73.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company posted $1.40 earnings per share. Analog Devices’s quarterly revenue was up 22.3% on a year-over-year basis. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 107.90%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.